Thank you Alan -- you said it so much better than I did. There is an ASYMMETRY in the labor market that does NOT exist in product markets --- large numbers of consumers confront (allegedly) large numb

I was going to keep mum but GIl's last post I think gave us a way through the argument with Kitching --- Over time, competition will compete the price of any commodity down to its cost of production -

And Noel's story in a nutshell is a fantastic anecdotal validation of Harry Braverman's work -- FIRST the capitalist hires the worker's "labor power" and THEN the capitalist has to figure out a way to

OK --- my last shot and then we will leave it to everyone else --- The rock increased the productivity of the labor --- it took longer (and maybe it was not as good a "product") before the group disco

This is a good point --- BUT here you are referring to the USE VALUE of the machine produced to the capitalist who buys it. Marx made very clear right at the beginning of Vol I that commodities MUST h

Here I have to disagree --- even with the great Joan Robinson --- the machine makes no contribution to production without a worker to work it (even automation involves throwing switches) --- you said

Hi all --- as someone who is NOT a strong student of all things Marxist, I have always thought that the Labor THeory of Value was NOT USEFUL as a price theory but EXTREMELY useful as a theory of capit

This Simon Jenkins piece from the (British) Guardian might be of interest The Aukus defence deal between Britain, the US and Australia grows murkier by the day. Essentially it is the outcome of an ind

And the decision for the type of civilian bombing campaign was probably made by General Eisenhower if not by Churchill and Roosevelt ... Ultimately, Roosevelt and Churchill have the blood on their han

I am going to recommend a new book I had the pleasure of discussing on a zoom book launch --- it's called LOOKING OVER THE ABYSS, THE US and Europe Beyond Capitalism and its by Steven Colatrella, an A

Give me a break! My mother and father (Abel and Anne Meeropol) visited the Soviet Union and told me years later that all decisions especially those involving working and planning decisions at the fact

TOM PALLEY deserves the credit!

This is probably more hilarious to our British comrades but ..... ---------- Forwarded message --------- From: Thomas Palley <mail@...> Date: Sun, Sep 19, 2021 at 8:29 PM Subject: IMPORTA

I want to especially recommend "One Night in Miami" the play turned film representing the paywright's views on the types of discussions that MIGHT have occurred when Jim Brown, Cassius Clay (Muhammed

Please check out Zirin's writings before criticizing him --- Marx was an intellectual and Engels was a capitalist ...it's their consciousness and actions that matter .... DOUBT that Zirin ever did thi

I personally think that the example of the MLB Players' Association is a fabulous argument in favor of militant unions. And I bet with a very brief piece of information about the rate of exploitation

Fred thank you very much --- I learned a lot. I agree that the people who participated in the insurrection were for the most part "useful idiots" for the "fascist wannabees" in the Republican party --

John, I will take issue with one small part of your argument and then agree with the broad point -- YOU: Capitalism has existed in primitive form since ancient man started to 'truck and barter', but i

Louis is a great student of history and politics so I know he's spinning with anger in his grave that he cannot put me in my place for once more being so "wrong-headed" as to equate Trumpism with fasc

Thanks. I just misremembered because I knew it wasn’t at the April March